Enforcement actions
- Feb- 2021 -24 FebruaryBanking
States failed to fulfill consumer protection promise in Trump era
In late 2017, after Mick Mulvaney was tapped to lead the Consumer Financial Protection Bureau, the Democratic attorneys general in…
Read More » - 10 FebruaryBanking
Acting CFPB head calls out industry for slow complaint response times
The new interim leader of the Consumer Financial Protection Bureau pledged to take action against firms that are slow to…
Read More » - Jan- 2021 -28 JanuaryBanking
New CFPB boss vows to get tough on military lending, pandemic relief laws
The Consumer Financial Protection Bureau’s new leader is vowing to move quickly to penalize mortgage servicers, banks and other financial…
Read More » - 15 JanuaryBanking
Capital One fined $290M for ‘willful’ anti-money-laundering failures
Capital One Financial has been hit with a $290 million penalty after admitting to the U.S. Treasury Department that it…
Read More » - 5 JanuaryBanking
Wells Fargo released from one enforcement order, still has 10 to go
Wells Fargo has been freed from a five-year-old enforcement action that required the San Francisco bank to improve its controls…
Read More » - Dec- 2020 -30 DecemberBanking
CFPB fines Nevada lender over alleged Military Lending Act violations
WASHINGTON — Omni Financial of Nevada was fined more than $2 million by the Consumer Financial Protection Bureau over alleged…
Read More » - 29 DecemberBanking
How far left will CFPB swing in 2021?
With a new Democratic president set to take office in January, the biggest question facing the Consumer Financial Protection Bureau…
Read More » - 23 DecemberBanking
Looking back at 2020’s community bankers to watch
The community banking team at American Banker convenes this time each year to identify five executives we think will make…
Read More » - 22 DecemberBanking
CFPB orders Discover to pay $35 million for student lending mishaps
WASHINGTON — The Consumer Financial Protection Bureau announced a consent order Tuesday against Discover Bank and two of its affiliates…
Read More » - 22 DecemberBanking
Credit Suisse flagged for anti-money-laundering shortcomings
The Federal Reserve and the New York State Department of Financial Services have ordered Credit Suisse to repair its anti-money…
Read More »
